In order to finance a waste-to-energy project in Karnataka, the state-owned Power Finance Corporation (PFC) announced that it had signed a loan agreement with the Japan Bank for International Cooperation (JBIC) for JPY 1.85 billion, or $1.28 million.

The agreement was signed under the long-term facility of JPY 30 billion provided by JBIC to PFC.

The loan proceeds would be used to finance the 11.5 MW for waste-to-energy project of KPC Gas Power Corporation Ltd, a wholly owned subsidiary of KPCL, at Bidadi, Ramanagara district, Karnataka.

This Project will result in the effective utilisation of 600 TPD of segregated municipal solid waste for energy generation. The Project is based on incineration using moving grate technology from Hitachi Zosen India Pvt. Ltd," the company said in a